Economic stimulus package: Making the most of your benefits –
Rich Sloan’s Amazon Blog
Not So Local level: In case you weren’t aware, the package includes the following tax incentives for businesses: a 50% bonus depreciation allowance on equipment purchased and placed in service in calendar 2008 and an almost 100% increase in the amount (from $128,000 to $250,000) that a business can expense for equipment purchased and placed in the business tax year beginning in 2008.
Business owners, you might find a new website, www.sba.gov/stimulus, to be helpful in determining how your business will benefit from the federal economic stimulus package. Included at the site are:
- A fact sheet that provides a clear explanation of the small business tax benefits.
- A deprecation calculator that provides an estimate of the first-year depreciation available under the provisions.
- An online seminar that provides a brief tutorial summarizing the tax benefits and concludes with the depreciation calculator.
The whole idea was to create an online tax savings resource center to help small businesses understand how they can benefit from the 2008 economic stimulus package signed into law earlier this year.
The Daily Dose: Small Business Financing Event
At the local level: Starting a business? Expanding your business? Learn about the Small Business Administration’s guaranty loan programs and how to finance the growth of your business at this informative workshop!
Topics covered include: improving business cash flow, refinancing existing debt, eliminating balloon payments and much more. This seminar takes place at Women’s Enterprise (3521 Lake Avenue) from 1 p.m. – 3 p.m. on Thursday June 12.
Reservations for this free workshop are required as seating is limited. For more information or to reserve your space, contact Jo Ellen Pepple, Women’s Enterprise at (260) 424-7977 or jpepple@womensenterprise.org.